Category archives: Fuel Oil

ENGINE: Global Bunker Fuel Market Update 18/08/21

ENGINE: Global Bunker Fuel Market Update     Global bunker prices are moving in mixed directions today, while Brent prices have dropped further on the day.     Changes in the day to 08.00 GMT today: VLSFO prices down in Singapore and Gibraltar ($1/mt), up in Fujairah ($1/mt), Rotterdam ($3/mt) and Houston ($7/mt)   LSMGO …

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Daily Capesize Review 17/8/21

Capesize freight rates strengthened further, after a flurry of fixtures done at higher rates from better shipping demand. The Capesize 5 time charter average, then rose by $812 day-on-day to $41,049 on Tuesday, due to improving freight rates. The Baltic Dry Index (BDI) surged up further at record levels of almost 11 years high at …

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Morning Fuel Oil Report 18/08/21

Morning Oil Report   After flitting around Tuesday’s close in Asian morning trade, Brent crude was up 23 cents or 0.3% at $69.26 a barrel by 0512 GMT. U.S. oil gained 24 cents or 0.4% to $66.83 a barrel.   API Crude -1.163M Cushing -1.735M Gasoline -1.1979M Distillate +0.502M     US crude inventories declined …

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ENGINE: Global Bunker Fuel Market Update 17/08/21

ENGINE: Global Market Update   Global bunker prices are moving in mixed directions today, while Brent prices have dropped further on the day.   Changes in the day to 08.00 GMT today:   VLSFO prices down in Singapore and Gibraltar ($1/mt), up in Fujairah ($1/mt), Rotterdam ($3/mt) and Houston ($7/mt)     LSMGO prices down …

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Daily Capesize Review 16/8/21

Capesize freight rates continued to ride on upward momentum with better market optimism for shipping demand, amid tight tonnage. The Capesize 5 time charter average, then rose by $711 day-on-day to $40,237 on Monday, due improving freight rates. The Baltic Dry Index (BDI) also hiked up further at record levels to $3,606, up 1.12% day-on-day, …

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Morning Fuel Oil Report 17/08/21

Morning Oil Report   At 11:20 am Singapore time (0320 GMT), the October ICE Brent futures contract was up 4 cents/b (0.06%) from the previous close at $69.55/b, while the NYMEX September light sweet crude contract was 8 cents/b (0.12%) higher at $67.37/b.   Despite the global resurgence of COVID-19, Wall Street investment banks are …

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ENGINE: Global Bunker Fuel Market Update 16/08/21

ENGINE: Global Market Update   Global bunker prices have dropped across ports, down from Friday’s levels and tracking lower Brent crude values.   Changes in the day to 08.00 GMT today: VLSFO prices down in Rotterdam ($18/mt), Fujairah ($12/mt), Houston ($11/mt), Singapore ($9/mt) and Gibraltar ($7/mt) LSMGO prices down in Fujairah ($21/mt), Singapore ($13/mt), Rotterdam …

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